The Russian State Duma has approved the first reading of the government's proposed Digital Currency and Digital Rights Bill, tightening regulations on cryptocurrency circulation. The legislation mandates that all crypto transactions must be conducted through licensed intermediaries such as brokers, trustees, and authorized exchanges, with rights recorded in a designated digital repository. The bill introduces investor categories, capping non-professional investors' annual purchases of high-liquidity digital currencies at 300,000 rubles through a single intermediary, while professional investors face no such limits. Additionally, the bill prohibits banks from transferring funds to foreign or unauthorized crypto platforms without a Russian-licensed intermediary and requires residents to report overseas crypto transactions to tax authorities.